Farmland Partners Inc.
FPI · Price history
Price at last available close
$10.13
−$0.96 (-8.66%) 1M
2026-10-28
Tap or drag sideways to inspect a price. Use two fingers to compare automatically. Release to scroll. Use Shift + arrow keys to compare with a keyboard.
Company & revenue
About Farmland Partners Inc.
Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
Farmland Partners Inc. functions as an internally managed real estate enterprise, primarily focused on acquiring and holding premium North American agricultural land. The company also provides secured loans to farmers, collateralized by their farm real estate. As of the most recent disclosure, its expansive portfolio includes approximately 155,000 acres distributed across 16 U.
How they make money
Farmland Partners Inc. is an internally managed real estate investment trust (REIT) that generates revenue primarily by leasing its owned farmland to third-party farmers under cash rent or crop-share agreements. Additionally, the company earns interest income from loans provided to farmers and landowners secured by agricultural real estate, and it engages in direct farming operations on certain permanent crop properties.
Products & services
Ownership and management of farmland, leasing of agricultural real estate, provision of agricultural loans, and direct farming operations.
Brands & revenue mix
No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer concentration
As of December 31, 2025, the company's revenue is derived from a diversified base of tenant farmers, with no single tenant accounting for a material concentration of total revenue.
Suppliers, materials & equipment
- Agricultural input and service providers — The company relies on various unnamed third-party providers for seeds, fertilizers, chemicals, and equipment maintenance services for its direct farming operations.Source
Competitors
- Gladstone Land Corporation — A publicly traded REIT that also focuses on the acquisition and ownership of farmland and farm-related properties.Source
- Private farmland investment funds — Various institutional and private equity funds that compete for the acquisition of high-quality agricultural real estate.Source
Strengths
Sources
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
33
Poor
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
43
Weak
Financial Strength
57
Business Quality / Moat
33
Management
43
Growth Quality
22
Risk / Durability
57
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
33
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
39/100
Building Historical Record
Model Score 39/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.
The model outlook is currently cautious.
- •Insider activity signal is favorable
- •Recent buyback activity is present
- •Valuation is a weaker part of the current profile
- •Revenue fundamentals are weak
- •Asset quality is a weaker factor
Company-specific research
Questions worth answering for FPI
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •Can FPI maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
- •Is FPI's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
- •Is FPI's debt load manageable relative to cash generation, interest costs and upcoming maturities?
- •What future growth or profitability would be needed to justify FPI's current valuation?
Essential Investment Snapshot
Wall Street Score
33
Opportunity Score
33
Market Cap
$442.0M
P/E Ratio
19.0
EPS
$0.60
52-Week High
$13.23
52-Week Low
$9.21
Beta
0.71
Intrinsic Value
$5.08
Analyst Target
$17.00
Shares Outstanding
51.3M
Total Revenue
$53.3M
Total Debt
$224.3M
Dividend Yield (TTM)
5.23%
Liquidation Value / Share
$9.04
Dividend / Share (TTM)
$0.53
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Weakening momentum
Low movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for FPI
Detected from reported data — verify before acting.Dividend history reported
Dividend payments are recorded. Review the dates and regular/special classification below; past payments do not guarantee future dividends.
Historical repurchase activity
Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.
Community Sentiment
0 active · 0 total callsNo personal call yet on FPI.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Geographically diversified portfolio of high-quality farmland.
- +Internally managed structure providing operational control.
- +Positive free cash flow may provide capacity to invest in growth.
Potential downside factors
- −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the REIT - Specialty industry.
- −Exposure to agricultural commodity price fluctuations.
- −Dependence on tenant financial performance and creditworthiness.
- −Environmental and climate-related risks affecting crop yields.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
6 historical score records availablePrevious Score
33
Sep 24, 2026
Change
-0.2
points
Current Score
33
Oct 1, 2026
Category Changes
FPI decreased 0.2 points because some fundamentals weakened.
Projected Score
Projected Score
27
Projected Change
-6.4 points
Preliminary comparable-period financial changes suggest decline of approximately 6.4 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
OvervaluedCurrent Price
$10.13
Model Intrinsic Value
$5.08
Difference
+$5.05
+99.3% vs IV
Margin of Safety
-99.3%
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $53.3M | $52.2M | $58.2M | $57.5M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $9.2M | $18.6M | $11.3M | $13.4M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | $44.0M | $33.6M | $46.9M | $44.1M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Research & Development | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $10.7M | $11.7M | $15.7M | $12.6M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | $17.8M | $10.5M | $21.4M | $20.2M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| EBITDA | $40.1M | $46.0M | $85.9M | $61.7M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Income | $26.2M | $23.1M | $25.5M | $23.9M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $10.4M | $9.6M | $18.9M | $22.7M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | $26.1M | $32.2M | $61.4M | $31.5M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | $634K | -$15K | -$16K | -$166K | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Net Income | $25.7M | $31.5M | $59.9M | $30.9M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $0.60 | $0.71 | $1.19 | $0.55 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 43.37M | 44.20M | 47.55M | 50.24M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 43.37M | 51.26M | 55.99M | 58.29M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$9.4M
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
$0.07
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
+16.0%
Cash Change
-77.6%
Margin Change
-43.2 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Weakened
- Margins contracted
- Cash position declined
- Debt increased
Potential Score Impact
Pressure indicators included revenue growth, EPS growth, cash levels, debt levels. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue declined 5.7%. EPS declined 49.3%. Cash declined 77.6%. Total debt increased 16.0%. Net income margin declined by 43.2 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Log in to view dividend history.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
6 historical recordsHistorical Score Chart
3 of 6 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
Related Companies
REIT - SpecialtyNews
The REIT Conundrum
Farmland Partners Inc. $FPI Shares Sold by Bank of America Corp DE
Deutsche Bank AG Buys Shares of 940,234 Farmland Partners Inc. $FPI
Financial Contrast: Farmland Partners (NYSE:FPI) vs. Crown Castle (NYSE:CCI)
Rumor Mill · FPI
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
Related Stock Research
Continue researching this company with related Wall Street Score rankings and investing guides.
Score Alerts
Premium unlocks alerts when a score rises, falls, or reaches your target price.
Start 7-Day Free TrialPortfolio Score
Premium unlocks portfolio scoring, strongest and weakest holdings, and overall margin of safety.
Start 7-Day Free Trial